Cyprus property Ownership

Purchasing property in Cyprus by foreigners is very simple.

Non Europeans are entitled to a freehold ownership of a villa, an apartment or a piece of land. The area of land of the property must not exceed 4014 sq. meters (four thousand and fourteen square meters).

Europeans are entitled to a freehold ownership of a Cyprus villa or an apartment. These restrictions should soon be abolished because of Cyprus’ entrance to the EU. It is likely that a change like this in the legal system will increase demand of real estate resulting in an increase in property prices. Europeans can purchase land in Cyprus in any size or quantity that they wish. This was one of the changes which took place when Cyprus entered the EU.

Foreign companies can purchase offices for their business and holiday homes for their directors.

Europeans who have a permanent or temporary permit can register as many properties as they want provided that they sign a confirmation to the government that they will stay for the following five years in Cyprus.